209 1St ST SW, Roanoke, VA 24011

$2,225,000
Property Type: MultiFamily Lot Size (sq. ft.): 3,485 Status: Active
Current Price: $2,225,000 List Date: 11/04/2025 Last Modified: 12/30/2025

Description

The Lofts at First and Kirk is a high-end, 12-unit multifamily property located in the heart of Downtown Roanoke. Located within walking distance of restaurants, shopping, and entertainment, the Lofts at First and Kirk combines modern living with unbeatable convenience. This fully leased building includes eleven 1-bedroom units and one 2-bedroom unit. Each apartment is finished with modern, upscale features, including gas fireplaces, wood plank flooring, concrete countertops, tiled kitchen backsplashes, ceramic tiled showers, and walk-in closets in select units. Property amenities include secure building access, elevator, rooftop deck with an outdoor kitchen, and a community recycling program. Garage parking is available through Park Roanoke's residential parking program.

Supplements: The Lofts at First and Kirk presents a rare opportunity to own a stabilized, turnkey asset with high-quality finishes in one of Roanoke's most vibrant districts. Financials available upon request. Condo Conversion Opportunity.

More Information MLS# 922482

Contract Information

Current Price: $2,225,000 List Price: $2,225,000 List Date: 2025-11-01 Status: Active

General Property Description

Multi-Family Type: Apartments Construction Status: Completed Year Built: 1920 Present Use: Converted Number of Units: 12 # Unfurnished: 12 # Leased Units: 12 Gross Bldg SQFT: 12260 Total Acreage: 0.08 Basement Y/N: No Parking Description: Other - See Remarks Operating Expense: 104576 Net Operating Income: 59249 Gross Income: 163825 Water Class: N/A

Location Legal Taxes

Area: 0110 - City of Roanoke - Downtown Street Number: 209 Street Name: 1St Street Suffix: ST Street Direction Sfx: SW State/Province: VA Zip Code: 24011 Subdivision: N/A Municipality: City of Roanoke Elementary School: Highland Park Middle School: James Madison High School: William Fleming

Property Features

Limited Service: Not Limited Service Construction: Brick Heating: Heat Pump Electric Cooling: Heat Pump Electric Fireplace: Gas Log Water Description: Public Sewer Description: Public Sewer Owner Expenses: Management Fee; Water Misc Features: Current Lease Tenant Expenses: Deposit; Electricity; Gas
Listing Office: WALDVOGEL COMMERCIAL PROPERTIES
Last Updated: December - 30 - 2025
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